Speaker 1: From the Bloomberg Interactive Brokers Studios. This is Bloomberg day
Speaker 1: Break for Thursday, June eighth.
Speaker 2: Coming up today, Smoke blankets the Northeast and it could
Speaker 2: last a few more days.
Speaker 1: Former President Donald Trump learns he's under criminal investigation.
Speaker 2: President Biden vetos a bill aimed at killing his student
Speaker 2: debt relief, and.
Speaker 1: We hear from Ray Delio and Brian Monahan at this
Speaker 1: year's a Bloomberg invest conference in New York.
Speaker 3: Germany blames Russia for the destruction of a dam in
Speaker 3: southern Ukraine, blast New York City Sue's thirty counties for
Speaker 3: blocking deals to How's migrants. I'm Michael Barnard Moore Ahead.
Speaker 4: I'm John stash Eward Sports. The Mets in Atlanta lost
Speaker 4: their fifth in the row. The Nuggets beat they hate
Speaker 4: and lead the NBA Finals two games to one.
Speaker 5: That's all straight Ahead on Bloomberg day Break, the Business
Speaker 5: news you need to sturn your day in just one
Speaker 5: fifteen minute podcast each morning on Apples, Spotify, the Bloomberg
Speaker 5: Business app, and everywhere you get your podcasts.
Speaker 6: Good morning, I'm Nathan.
Speaker 1: Hager and I'm Garen Moscow. Here are the stories We're
Speaker 1: following today, we.
Speaker 2: Want to get an update first on the smoky blanket
Speaker 2: billowing across the East coast. It could stay with us
Speaker 2: a few more days. Let's get the details from Bloomberg's
Speaker 2: John Tucker, John and Nathan.
Speaker 7: The hazen smoke from those fires in Quebec and Ontario
Speaker 7: will return today and tomorrow. Our meteorologist Rob Carolyn tells
Speaker 7: us a low pressure system over Atlantic Canna is going
Speaker 7: to start to pull away over the next few days.
Speaker 8: Shouldn't be as bad across the Tri state area. Visibilit
Speaker 8: would be a bit better, but there will be some smoke.
Speaker 8: And yesterday the Boston area escaped the smoke, and they
Speaker 8: should do so again today. And it definitely looks hazy
Speaker 8: in Washington today.
Speaker 7: Now the wildfire smoke is hazardous in partant because it
Speaker 7: contains tiny inhalible particles. The health experts recommend everybody limited
Speaker 7: their time outdoors now. The air quality index in New
Speaker 7: York City reached three hundred and ninety two yesterday. That's
Speaker 7: a level considered to be hazardous for all groups, including
Speaker 7: healthy people. For comparison's sake, two one hundred is the
Speaker 7: equivalent of smoking an entire pack of cigarettes. Breathing polluted
Speaker 7: air also linked to an increased risk for dementia, and
Speaker 7: Nathan and Karen being at work could be the safest place.
Speaker 7: Modern buildings, air handling and ventilation systems are operated to
Speaker 7: optimize the indoor air quality and use high efficiency filters.
Speaker 7: In New York, I'm John Tucker, Bloomberg Daybreak.
Speaker 1: All right, John, thank you. Well. Another major story we're
Speaker 1: following this morning takes us to politics. Former President Donald
Speaker 1: Trump has been notified that he is a target in
Speaker 1: a classified documents case. Bloomberg's Ed Baxter has the story.
Speaker 9: The notification in a letter from the Justice Department, saying
Speaker 9: that this is the result of the federal probe. Prosecutors
Speaker 9: have been building a case, including testimony from former aids,
Speaker 9: including former Chief of Staff Mark Meadows. Meadows has testified
Speaker 9: before federal grand juries in Washington and Miami for Special
Speaker 9: counsel Jack Smith. The Justice Department is required to notify
Speaker 9: individuals if they are a target based on somebstantial evidence
Speaker 9: linking that person to the commission of a crime. In
Speaker 9: San Francisco, I'm at Baxter, Bloomberg Daybreak.
Speaker 2: Okay, Ed, thank you. On Capitol Hill today, House Republicans
Speaker 2: had planned to vote on holding FBI Director Christopher Ray
Speaker 2: in contempt. Now that's been called off. House Oversight Chairman
Speaker 2: James Comber says the FBI has quote caved and is
Speaker 2: letting all members of his committee see a disputed document.
Speaker 2: Republicans claim the document links President Biden to wrongdoing by
Speaker 2: an unnamed foreign national.
Speaker 1: Meantime, Nathan President Biden has vetoted bill aimed at killing
Speaker 1: his high profile student dead relief program, and a White
Speaker 1: House video, the President said he'll keep fighting to make
Speaker 1: sure college is cheaper.
Speaker 10: Some of the same members of Congress who supported this
Speaker 10: bill voted through huge tax custs for corporations and the
Speaker 10: wealthy as well, But when it comes to hard working
Speaker 10: Americans trying to get ahead dealing with the student debt relief,
Speaker 10: that's where they drew the line.
Speaker 1: President Biden did not address some of the Congressional Democrats
Speaker 1: who broke with him on the bill. Senators Joe Manchin
Speaker 1: and Joe Tester and Democrat turned independent Kirsten Cinema join
Speaker 1: with Republicans to vote against the student debt relief measure.
Speaker 2: Well Karen uk. Prime Minister Rishi Sunek is in Washington
Speaker 2: later today, he takes part in a joint news conference
Speaker 2: with President Biden. That's on the heels of a meeting
Speaker 2: with House Speaker Kevin McCarthy yesterday.
Speaker 5: When our bond is stronger, the world is safer, and
Speaker 5: democracy grows further when we've.
Speaker 11: Stood together, I agree with you, the world hos benefited.
Speaker 11: And what we need to do now is figure out
Speaker 11: how do we make sure that relationship is strong to
Speaker 11: deal with the challenges of the future. I know that's
Speaker 11: what we're going to be talking about, but particularly strengthening
Speaker 11: our economies because that's what it's all about.
Speaker 2: And Prime Minister soon next joint news conference with President
Speaker 2: Biden is set for one thirty pm Eastern And.
Speaker 1: Return to Wall Street now, Nathan, and we've been speaking
Speaker 1: with some high profile names at the Bloomberg invest conference
Speaker 1: in New York. Bank of America CEO Brian moynihan tells
Speaker 1: us higher capital requirements will hit lending. That's after reports
Speaker 1: that large US banks may have to boost their capital
Speaker 1: by an average of twenty percent today.
Speaker 12: It's a fairly straightforward. If our capital ratios go up
Speaker 12: by hundred basis points, we basically you simply put you
Speaker 12: can't make about one hundred and fifty million dollars loans
Speaker 12: and because people say, well you have more capite, you
Speaker 12: make more loans. But if we took risk on that capital,
Speaker 12: we wouldn't have that capital ratio. So it has to
Speaker 12: be a riskless build. A capital can't be out there
Speaker 12: taking risk.
Speaker 1: Thank of America CEO Brian Lenahan spoke with a Bloomberg's
Speaker 1: David west End. Stay tuned for more of that interview
Speaker 1: coming up shortly on Bloomberg Daybreak.
Speaker 2: We also heard from Wherry Daly, O Bloomberg invest Karen,
Speaker 2: the billionaire founder Bridgewater Associates, thinks we're getting close to
Speaker 2: the end of FED interest rate hikes.
Speaker 13: The interest rates are now at a level that they're
Speaker 13: probably going to stay at, but they're probably not going
Speaker 13: to rise much from a year, and there's tightness and
Speaker 13: the consequences of that are going to be a weaker
Speaker 13: economy going forward.
Speaker 2: Ry Dalio predicts the US economy will get weaker from here.
Speaker 2: Catch the full conversation and all our best interviews each
Speaker 2: day on the daily Bloomberg Talks podcast.
Speaker 1: Nathan. We also caught up with Kim Kardashian. She was
Speaker 1: at the Super Return Conference in Berlin, the reality TV
Speaker 1: starter an entrepreneur, presented her debut private equity fund to
Speaker 1: a crowd of curious investors, and she spoke with David Rubinstein.
Speaker 14: I'm honestly most looking forward to my relationships with the founders.
Speaker 14: I love hearing people's stories and hearing what their magic
Speaker 14: sauces behind their company and why they wanted to start
Speaker 14: the company that they did, and what their vision is
Speaker 14: and just hope that I can help that.
Speaker 1: And Kim Kardashian's private equity fund, Sky Partners, is targeting
Speaker 1: up to twelve investments, each requiring anywhere from one hundred
Speaker 1: to five hundred million dollars of equity.
Speaker 2: And you take a look at some of the other
Speaker 2: stories making news in New York and around the world.
Speaker 2: We're joined by Bloomberg's Michael Barr. Good morning, Michael, Good morning, Nathan.
Speaker 3: Germany blame Russian President Vladimir Putin for the destruction of
Speaker 3: the Kakova Dam in southern Ukraine. Germany was joined by
Speaker 3: other European NATO members and denouncing it as a war crime.
Speaker 3: The US has yet to make an assessment on what
Speaker 3: caused them to collapse. State Department spokesman Vedant Patel says,
Speaker 3: while it is still trying to figure out what happened,
Speaker 3: the US government is mobilizing humanitarian resources.
Speaker 15: I'm certainly not going to get into internal assessments, but
Speaker 15: I will note that we continue to be in close
Speaker 15: touch with Ukrainian authorities on providing assistance to the civilians displaced,
Speaker 15: as well as continuing to assess what transpired.
Speaker 3: Ukrainian authorities are Russian supplies of drinking water to areas
Speaker 3: affected by flooding from the collapse dam. Supreme Court justices
Speaker 3: and other federal justices release their annual reports disclosing paid travel,
Speaker 3: outside income, investments, significant gifts, and the source of spousal income.
Speaker 3: Clarence Thomas and Samuel Alito have asked for an extension,
Speaker 3: which means their filings won't arrive until after the end
Speaker 3: of the term. President Joe Biden has invited thousands of
Speaker 3: LGBTQ individuals to the White House today to celebrate Pride Month.
Speaker 3: Biden plans to announce new initiatives to protect communities from attacks.
Speaker 3: White House spokesperson Karine Jean Pierre.
Speaker 16: We believe that not only does this community need to
Speaker 16: be celebrated and continue to be celebrated, as he's done
Speaker 16: many times before in this past two years. But we
Speaker 16: also need to make sure that we let the community
Speaker 16: know that the President has their back and we're going
Speaker 16: to continue to fight for them.
Speaker 3: White House spokesperson Karine Jean Pierre is the first openly
Speaker 3: gay press secretary. It's the next chapter in the battle
Speaker 3: over the flood of migrants to New York City and
Speaker 3: Upstate counties. The Big Apple sued thirty upstate in Long
Speaker 3: Island Counties for issuing executive orders blocking local hotels and
Speaker 3: motels from contracting to house migrants sent from the city.
Speaker 3: New York Mayor Eric Adams says the suit is aimed
Speaker 3: at ending xenophobic bignitry. Meanwhile, Mayor Adams plans to direct
Speaker 3: a cumulative sixty billion dollars of contractual work to minority
Speaker 3: and women owned businesses by twenty thirty. The goal is
Speaker 3: requiring the city to more than double as annual rate
Speaker 3: of contracts to underrepresented communities. Global News twenty four hours
Speaker 3: a day, powered by more than twenty seven hundred journalists,
Speaker 3: nantilists and over one hundred and twenty countries. Him Michael Barr,
Speaker 3: this is Bloomberg.
Speaker 2: Nathan, thanks Michael time for the Bloomberg Sports update. For that,
Speaker 2: we bring in John Staneshauer. All right, anything Game.
Speaker 4: Three of the NBA Finals eating Miami, and some triple
Speaker 4: double history. Denver's Nicola Jokis and Jamal Murray first teammates
Speaker 4: to both have them in the Finals game. But more
Speaker 4: than that, they're the first teammates in any NBA game,
Speaker 4: regular or postseason to both have triple doubles and both
Speaker 4: score at least thirty points. Jokid score thirty two at
Speaker 4: twenty one rebounds. Murray went for thirty four, got his
Speaker 4: tenth board with nine seconds left. They both had tennis.
Speaker 4: Says Denver, Meat the heat one oh nine ninety four
Speaker 4: and leading the series now two to one. Now that
Speaker 4: shot fifty one percent, the heat only thirty seven. Denver
Speaker 4: was plus twenty five in rebound. Game four tomorrow, another
Speaker 4: loss for the Mets, second night in a row in Atlanta,
Speaker 4: where they had a four to one lead sixth inning,
Speaker 4: Braves again came back, won seven to five on a
Speaker 4: Michael Harris to run homer in the eight off Adam Ottavino.
Speaker 4: The Mets have lost five in a row. Yankees in
Speaker 4: White Sox Air Quality Now doubleheader today starting at four.
Speaker 4: Rory McElroy t he's off today at the Canadian Opened.
Speaker 4: His first public reaction to the PGA Live merger. McElroy
Speaker 4: had been the most outspoken against lib which he says
Speaker 4: he still hates and he admits to a feeling of
Speaker 4: being a sacrificial lamb, but he said the merger was
Speaker 4: somewhat inevitable.
Speaker 17: PIF and the Saudeas want to spend money in the
Speaker 17: game of golf. It is they they want to do
Speaker 17: this and they weren't going to stop. So Hi, can
Speaker 17: we you know the thing for me and this is
Speaker 17: one thing that I've always thought about, how can we
Speaker 17: get that money into the game but use it the
Speaker 17: right way.
Speaker 4: Mcklroy supported in BATTLEPGA Commissioner Jay Monahan. They'll play the
Speaker 4: women's semifinals today at the French Open. Lionel Messi will
Speaker 4: play Angel League Soccer in Miami.
Speaker 5: John stash Ellen.
Speaker 4: Bloomberg Sports.
Speaker 5: From coast to coast, from New York to San Francisco,
Speaker 5: Boston to Washington, d C. Nationwide on Syrias Exam, the
Speaker 5: Bloomberg Business Appen Bloomberg dot Com.
Speaker 2: This is Bloomberg Daybreak, Good morning, I'm Nathan Hagar. Millions
Speaker 2: of Americans are waking up this morning following visions of
Speaker 2: apocalyptic orange skies. Wildfires from Canada have sent smoke billowing
Speaker 2: across the Northeast, and air quality warnings have been up
Speaker 2: from Massachusetts through New York City, all the way into Washington,
Speaker 2: DC and beyond. So how much longer can this last?
Speaker 2: When will it end? Bloomberg Meteorologist Rob Carolyn is here
Speaker 2: with us Live to help answer some of those questions. Rob,
Speaker 2: you know it's bad when the sky's orange during the day.
Speaker 2: Is it gonna be as bad in the East.
Speaker 8: Coast as it was yesterday? Well, Nathan, the worst of
Speaker 8: it yes was in the Tri State area. That's where
Speaker 8: we saw those visibilities under two miles in very heavy smoke,
Speaker 8: and the visibility is pour this morning around southern New York.
Speaker 8: I'm looking at visibilities right now under two miles from
Speaker 8: the Hudson River Valley across Long Island and into the city.
Speaker 8: So it gets a little bit better as the day
Speaker 8: goes on in New York. Some of the smoke's going
Speaker 8: to disperse, but it's certainly going to be hazy much
Speaker 8: of the Boston area yesterday missed out on it. We
Speaker 8: had visibilities in ten miles. There was some smoke, but
Speaker 8: certainly nothing like what we saw in New York City.
Speaker 8: We did have quite a bit of haze in the
Speaker 8: district in Baltimore that continues today. The big problem is
Speaker 8: we are stuck in a stagnant weather pattern. Low pressure
Speaker 8: is stalled over eastern New England and eastern Canada. That's
Speaker 8: what's pulling all of this smoke out of Quebec and Ontario,
Speaker 8: and it will continue to do so today, tomorrow and
Speaker 8: into Saturday. It looks like a system coming out of
Speaker 8: the western United States is going to help kick this
Speaker 8: low out and weaken it. So we'll start to see
Speaker 8: gradual improvement by Sunday in the air quality across the
Speaker 8: northeast Ohio River Valley in mid Atlantic region. It definitely
Speaker 8: gets better into next week as the weather pattern starts
Speaker 8: to change.
Speaker 2: Is a stalled weather pattern like this unusual, rob I mean,
Speaker 2: when you see scenes like this, the words climate change
Speaker 2: immediately come to mind. Is that something that's on your radar?
Speaker 8: Well, we've been in a very blocky pattern so far
Speaker 8: the spring. Nathan just a week ago we were sitting
Speaker 8: underneath high pressure and we had sunshine for eight days
Speaker 8: over the northeastern United States. It's not unusual to see
Speaker 8: the blocks develop in the spring and continue into the
Speaker 8: early summer. What seems to be driving this block is
Speaker 8: the fact that we've got the Greenland ice sheet melting
Speaker 8: more than normal that has been forming a cold pool
Speaker 8: of water south of Greenland. Right now, that cold pool
Speaker 8: of water is closer to the East coast than it's
Speaker 8: been the last couple of springs and summers, and that's
Speaker 8: what's been leading to this persistent pattern of upper level
Speaker 8: low pressure system developing over the Northeastern United States at
Speaker 8: times through the spring and early summer. So that could
Speaker 8: be attributed to the changes that we're seeing with the
Speaker 8: climate in the northern hemisphere.
Speaker 2: Just thirty seconds left, Rob, your advice for people how
Speaker 2: to deal with this smoke for this week?
Speaker 8: Well, the smoke yesterday in New York was on the
Speaker 8: president since the like the seventeen eighties, you'd have to
Speaker 8: go back that far into the climate pass to come
Speaker 8: up with something like this. I would say people with
Speaker 8: respiratory's distress stay inside. Those folks who have to go
Speaker 8: out and ninety five. Mass are probably a good idea
Speaker 8: in the Tristate area. You should be okay in Boston
Speaker 8: and VC today. Just don't do anything strenuous, especially if
Speaker 8: you suffer from respiratory distress.
Speaker 2: Really appreciate this, Rob. Thank you, Bloomberg Meteorologist Rob Carolyn.
Speaker 2: We're going to be checking back with you throughout the
Speaker 2: morning here on Bloomberg Daybreak. But we want to turn
Speaker 2: now from apocalyptic weather to the outlook from one of
Speaker 2: Wall Street's biggest banks. The United States has to be
Speaker 2: a beacon of stability and strength in the world. That's
Speaker 2: the word from Bank of America CEO and Chairman Brian moynihan.
Speaker 2: He's talking about the US economy in the wake of
Speaker 2: a drawn out debt ceiling battle and where he sees
Speaker 2: things going from here. One Hand sat down for a
Speaker 2: wide ranging interview with David weston Man at the Bloomberg
Speaker 2: invest Conference in New York. Let's listen to part of
Speaker 2: that conversation.
Speaker 12: Now, YEO, when I ask people, is this disruptive? And
Speaker 12: not all the experts tell me yes and no and yes.
Speaker 12: In the hand there's a lot of issuance, But no,
Speaker 12: everybody knew it was coming and so it may move
Speaker 12: sort of trading markets around, but fundamentally, the idea of
Speaker 12: the government was gonna run out of money was not
Speaker 12: something people were planning on. So we'll see.
Speaker 18: Does it put any kind of a crip in your
Speaker 18: ability to lend? I mean money has to come from somewhere.
Speaker 12: Well, there's a lot of money sitting at the FED,
Speaker 12: and you have a night repo facility and money funds
Speaker 12: has just been put back, and so the dynamics of
Speaker 12: how this all moves around is interesting. I don't think
Speaker 12: in the worry b it took deposits out of the
Speaker 12: banking system, but you know, there's I'm not sure people
Speaker 12: see that as a big issue. And by the way,
Speaker 12: the Treasury secretary, I think they said today they will
Speaker 12: do this on a non disruptive basis, because they don't.
Speaker 12: They just ran down to thirty nine billion. We're still
Speaker 12: able to pay the bills, so they don't need to
Speaker 12: get there tomorrow, and they'll build it up over time,
Speaker 12: but their goal is to get back in a more
Speaker 12: regular way. The best news about this whole dialogue is
Speaker 12: they've got an agreement that extends a period of time,
Speaker 12: so we shouldn't have to deal with this for a while,
Speaker 12: which is really critical because the United States has to
Speaker 12: be the beacon of stability strength in the world. And
Speaker 12: at times when this discussion is going on and you
Speaker 12: travel the world, everybody gets fixated on it because United
Speaker 12: States is the benchmark of benchmarks, and if it goes
Speaker 12: completely somehow accidentally, it's a real problem. And so they
Speaker 12: get all fixated all this sort of activity in the
Speaker 12: planning for it. What would happen in all our company?
Speaker 12: It just it would just be better if it didn't
Speaker 12: go on. But it's a political process, and.
Speaker 18: There are reports and I don't think it's unexpected anybody
Speaker 18: that there's going to be increase in capital requirements. If
Speaker 18: that goes forward, will it have any effect on your
Speaker 18: ability to make loans?
Speaker 12: There are multiple discussions which could get sort of pushed together.
Speaker 12: There's the standards for the final finalization of BASEL, which
Speaker 12: is this broad set of things that's going on. This
Speaker 12: stress test is going on that we forget about if
Speaker 12: that's going on also, and that result in some surprises
Speaker 12: the industry in terms of capital demands last year. And
Speaker 12: then and then there's the question of applying standards that
Speaker 12: applied to the g said banks the biggest bank broader
Speaker 12: in the platform because the size of some of the banks,
Speaker 12: and so all three of those things get mixed together
Speaker 12: a little bit. But you know, at the end of
Speaker 12: the day, it's a fairly straightforward. If our capital ratios
Speaker 12: go up by one hundred basis points, we basically, you know,
Speaker 12: simply put, you can't make about one hundred fifty million
Speaker 12: dollars a loans. And because people say, well, you have
Speaker 12: more capital, make more loans. But if we took risk
Speaker 12: on that capital, we wouldn't have that capital ratio. So
Speaker 12: it has to be a riskless build. A capital can't
Speaker 12: be out there taking risk. It's the only thing you
Speaker 12: really do is leave in the cash or buy treasury securities.
Speaker 12: And that's not a very productive use of money. So
Speaker 12: and if you had it, and that's the problem. And
Speaker 12: so every time capital goes up, there's a there's a
Speaker 12: countervailing effective.
Speaker 8: It impacts lending.
Speaker 18: So I see, actually a survey was done in this
Speaker 18: room of the likeli overcession in Q one of twenty
Speaker 18: th eighty four, and it looks like, what is that
Speaker 18: sixty five percent of the people agree with your research.
Speaker 18: Isn't that good to know you've got kind of ratification there.
Speaker 12: One thing we always careful if somebody educated me once
Speaker 12: that the four action recession by economists is always like
Speaker 12: fifteen or twenty percent, so and above that means that
Speaker 12: they're convinced.
Speaker 18: So when we talk about costs, what about headcount? I
Speaker 18: know you said that it's not so much you're laying
Speaker 18: officer's not hiring as many as you were a year ago.
Speaker 12: This goes back to economic who and I even talk
Speaker 12: to customers. So last May we hired thirty three thousand people.
Speaker 12: Excuse me, this May we hired you know, six seven hundred.
Speaker 12: And that's all because the turnover rate fell because last
Speaker 12: year were in the middle of great recognation and now
Speaker 12: it's completely different. So we went from twelve percent turnover
Speaker 12: in the company, which is sort of the long term
Speaker 12: level we're at pre pandemic, down to six, up to fifteen,
Speaker 12: and now back down getting close to six. So we
Speaker 12: don't have to hire as many people, yet we keep
Speaker 12: managed to head count down.
Speaker 18: More broadly, do you think the job marker is a
Speaker 18: bit softer than what the FED realizes.
Speaker 12: I think if you talk to employers today in a
Speaker 12: technology spaces there's always specialized things like welders in certain
Speaker 12: businesses and high and manufacturing help explosion that was just
Speaker 12: having been out there. But in general it's much less
Speaker 12: tight than it was in the spot market and that's
Speaker 12: why the curt rates going down. All that stuff. You
Speaker 12: see it in the amount of hires and you know,
Speaker 12: so job postings are still high. I'm not sure CEOs
Speaker 12: that I talked to are pushing people to fill those
Speaker 12: as much as film when you have to, and that
Speaker 12: has a dampening effect on the labor market that won't
Speaker 12: show up any agorams. Employment still at you know, three
Speaker 12: point seven percent of employment is still very strong. And
Speaker 12: so the big debate when if you want to drive
Speaker 12: your econ is crazy, say how can you have an
Speaker 12: unemployment list recession? And you know, they can't quite get there,
Speaker 12: and that's kind of the interesting question. And so even
Speaker 12: the highest predictors of unemployment don't even get the five percent,
Speaker 12: which is hard to square.
Speaker 6: This is Bloomberg day Break Today, your morning brief on
Speaker 6: the stories making news from Wall Street to Washington and beyond.
Speaker 1: Look for us on your podcast feed at six am
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Speaker 14: And I'm Karen Moscow.
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Speaker 1: need to start your day right here on Bloomberg Daybreak